Question

    src="https://www.ixambee.com/questionimage/Chapter/1696057876-DFCCILimage16.PNG" alt="" />  The above curve is a
    A price curve Correct Answer Incorrect Answer
    B demand curve Correct Answer Incorrect Answer
    C indifference curve Correct Answer Incorrect Answer
    D production possibility curve Correct Answer Incorrect Answer

    Solution

    Demand is an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them. An increase in the price of a good or service tends to decrease the quantity demanded. 

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